He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy.
Herbert Hoover
Hoover believed in trickle down economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
Direct economic relief would be given to the people
Hoover believed in trickle down Economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
A statement that is not related to the presidency of Herbert Hoover would be one discussing the policies or actions of Franklin D. Roosevelt, who succeeded Hoover. For example, mentioning Roosevelt's New Deal programs would not pertain to Hoover's presidency, as they were implemented in direct response to the Great Depression and were fundamentally different from Hoover's approaches. Hoover's presidency focused on voluntary measures and limited government intervention, while Roosevelt's policies marked a significant shift in the role of federal government in economic recovery.
Herbert Hoover was the 31st president of USA. He was elected to office in 1928 and in 1929 the economic melt down hit USA. He opposed direct federal relief during the great depression.
Failed to provide direct relief for the neediest persons.
President Herbert Hoover believed that the best strategy for ending the Great Depression was to promote voluntary cooperation between businesses and labor, avoiding direct government intervention. He encouraged businesses to maintain wages and employment levels and advocated for local and private initiatives to provide relief. Hoover emphasized the importance of maintaining confidence in the economy and believed that recovery would come through self-help and individual effort rather than direct federal assistance.
He believe that the federal government could not give direct aid to individuals. Hoover believed in free market capitalism and he opposed government intervention so he didn't do much at first. later on as the depression got worse he tired to increase government help but it was too late for the public who voted FDR into office in 1932.
Actually, Roosevelt's policies were similar to Hoover's but more extreme, and even people from Roosevelt's administration later admitted that they developed some of their ideas from Hoover. Both presidents favored government intervention into the economy and it did not end the depression. Hoover's policies turned a recession into a depression, and Roosevelt's policies turned a short depression into a decade long debacle. The depression did not end until Roosevelt took the US into World War II, when virtually the whole country was in a wartime economy. It is a common misconception that Hoover favored "free-market" policies. His Republican predecessors, Warren Harding and Calvin Coolidge did favor free market policies, and the result was the "roaring 20's" which was a period of economic prosperity. So to answer the question, Roosevelt's policies did not so much break from Hoover's, they only expanded upon them and kept the depression going.
The US government would take a stronger, more active role in the crisis through direct economic policies.
Herbery Hoover is who said that I belive